Neptune Insurance (NYSE:NP) Price Target Raised to $33.00

Neptune Insurance (NYSE:NP) had its target price upped by analysts at Mizuho from $31.00 to $33.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential upside of 11.72% from the company’s current price.

A number of other analysts have also weighed in on NP. Weiss Ratings lowered shares of Neptune Insurance from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. boosted their price target on Neptune Insurance from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods reduced their price target on Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company lowered their price target on Neptune Insurance from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Neptune Insurance in a report on Wednesday, September 23rd. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Neptune Insurance currently has a consensus rating of “Moderate Buy” and an average target price of $31.68.

Neptune Insurance Stock Up 0.8%

Shares of NP opened at $29.54 on Wednesday. The stock has a market capitalization of $4.05 billion and a P/E ratio of 79.19. The firm has a fifty day simple moving average of $30.48 and a two-hundred day simple moving average of $29.36. Neptune Insurance has a twelve month low of $14.78 and a twelve month high of $35.15.

Neptune Insurance (NYSE:NP) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. The business had revenue of $59.57 million for the quarter, compared to analyst estimates of $56.59 million. Sell-side analysts expect that Neptune Insurance will post 0.40 EPS for the current fiscal year.

Insiders Place Their Bets

In other Neptune Insurance news, insider Matthew Duffy sold 84,441 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $28.10, for a total value of $2,372,792.10. Following the completion of the transaction, the insider directly owned 1,879,798 shares in the company, valued at approximately $52,822,323.80. This represents a 4.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO James Steiner sold 57,012 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $31.71, for a total transaction of $1,807,850.52. Following the completion of the sale, the chief financial officer directly owned 3,749,050 shares of the company’s stock, valued at approximately $118,882,375.50. This represents a 1.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,815,570 shares of company stock valued at $125,567,525 over the last quarter. 74.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Neptune Insurance

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in shares of Neptune Insurance by 41.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,727 shares of the company’s stock valued at $47,000 after buying an additional 503 shares during the period. PNC Financial Services Group Inc. raised its stake in Neptune Insurance by 73.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,440 shares of the company’s stock worth $180,000 after buying an additional 3,146 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in Neptune Insurance by 22.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 18,512 shares of the company’s stock worth $583,000 after buying an additional 3,339 shares during the period. State of Alaska Department of Revenue purchased a new stake in Neptune Insurance in the third quarter worth about $105,000. Finally, AXQ Capital LP purchased a new stake in Neptune Insurance in the second quarter worth about $296,000.

More Neptune Insurance News

Here are the key news stories impacting Neptune Insurance this week:

• Positive Sentiment: Neptune reported third-quarter revenue of approximately $59.6 million, up 34% year over year and above the $56.6 million analyst estimate. Adjusted earnings of $0.17 per share also exceeded the $0.16 consensus and rose from $0.11 a year earlier. Neptune Q3 Revenue Earnings Flash
• Positive Sentiment: Management projected roughly $238 million of 2027 revenue and an adjusted EBITDA margin near 61%, suggesting substantial growth and operating leverage as Atlas+ adoption expands. Neptune 2027 Revenue and EBITDA Outlook
• Positive Sentiment: Atlas+ appears to be improving customer conversion: quotes using the product bind at 3.5 times the rate of other quotes. This supports management’s growth strategy and could increase future premium volume. Neptune Long-Term Investor Takeaways
• Neutral Sentiment: The quarter was profitable, with a reported net margin of 21.45%, but return on equity remained negative at 18.77%. Investors may also view the stock’s approximately 79 P/E ratio and $4.05 billion market capitalization as demanding, leaving less room for execution or growth disappointments. Neptune Third-Quarter Results

Neptune Insurance Company Profile

Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.

The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder’s location and eligibility.

Neptune’s business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.